NZX mulls class waivers for NZAX, NXT listed stocks and small companies

Wed, 09 Aug 2017

By Sophie Boot Aug. 9 (BusinessDesk) - NZX, which operates the country's only regulated stock exchange, is mulling class waivers for stocks listed on its NZAX and NXT small-cap markets as part of a likely consolidation into the main board. In June, the stock market operator flagged it was reviewing its current equity market structure in response to feedback that it's not meeting the needs of the smallest listed companies. NZX is considering whether smaller companies could be subject to different requirements as part of a simplified struct...

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